Gold is correcting at small 4 of C, expecting to retrace @1797.58 consolidating complex correction wxyxz (triangle, zigzag,flat)
- to complete w.C @ 1764(above) which is 61.8% fibo of W.1
Buy @1764 - 1777 area
Stop loss @1750
Note: this is not a signal, just a possible trade setups.
All the EW is to me to a means of helping me identify positive trading opportunity(ies), I can identify a good positive risk/rewards ratio.
* Where are you placing your risk, and where is the target potential - absent where you are setting your stop/ where you are looking to take profit.
Leave your comments, or give a LIKE :)
- to complete w.C @ 1764(above) which is 61.8% fibo of W.1
Buy @1764 - 1777 area
Stop loss @1750
Note: this is not a signal, just a possible trade setups.
All the EW is to me to a means of helping me identify positive trading opportunity(ies), I can identify a good positive risk/rewards ratio.
* Where are you placing your risk, and where is the target potential - absent where you are setting your stop/ where you are looking to take profit.
Leave your comments, or give a LIKE :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.